Personal Finance

Earnings paid to an employee based on an hourly rate. 

• Commission
• Wages
• Salary
• Deductions

Tags

CCSS.6.NS.B.3

An employee's fixed agreed yearly income. 

• Salary
• Deductions
• Wages
• Commission

Total money you earn before taxes and other deductions.

• Salary
• Net income
• Gross income
• Wages

Tags

CCSS.6.RP.A.3B

Amounts of money taken from income before you are paid.

• Commission
• Retainer
• Deductions
• Rate

The amount of money you actually receive after the deductions are taken from your gross income.

• Net income
• Deductions
• Wages
• Tax

A deduction is

• gross income

• money added to your income

• net income

• money taken out of your income

Gross income is:

• the total amount of money you earn

• the amount of money you receive after decuctions are subtracted

• the total amount of money you spend

• sales taxes on items you buy

Tags

CCSS.7.RP.A.3

You mow neighbor’s lawn

• Income

• Expense

You get candy from a concession stand.

• Income

• Expense

You download 3 songs from iTunes.

• income

• expense